The current price of? zinc, which is a depletable naturalresource sold in a competitive? market, is ?$0.94
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The current price of? zinc, which is a depletable naturalresource sold in a competitive? market, is ?$0.94 per pound.The marginal cost to extract and sell zinc is ?$0.52 per pound. Themarginal cost is expected to remain constant at this level for atleast the next couple of years. The current interest rate is 5.6percent.
The user cost of production for zinc is $__ per pound. (Enteryour response rounded to two decimal places.)
Given this? information, the price of zinc next year shouldbe about $__ per pound (Enter your response rounded to two decimalplaces.)
Related Book For
Public Finance A Contemporary Application of Theory to Policy
ISBN: 978-1285173955
11th edition
Authors: David N Hyman
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